Nick Taleb declares: ‘We’re in the Middle of a Crash‘ (Thanks to GG and A.W., the first if several readers to send that link)
John W. notes: Seven more banks closed “and it’s not even Friday yet…”
Ray G. sent news that unemployment at a 26-yer high: U.S. job losses spike in June, dampen recovery hopes
From Cousin Bill: New York City Apartment Sales Down More Than 50%
FDIC Proposes Tough Investor Guidelines For Failed Banks
Items from The Economatrix:
Obama Confident in Economic Recovery Despite Jobs Report
Prime Mortgage Delinquencies Up 260%
The Monumental Cap and Trade Outrage (video)
Worldwide Depression: Review of Global Markets
Mounting US Jobless Claims Force States to Borrow
Scalia Slams Bush Officials On Bank Regulations
Stocks Tumble After Jobs Report 467,000 people lost their jobs last month
States Work to Stave Off Government Shutdowns
Schwarzenegger Orders Third Furlough Day, Proposes New Cuts